GCC finance ministers to explore unified VAT, selective taxation

This file photo taken on May 7, 2014 shows Gulf Cooperation Council (GCC) finance ministers attend the opening of a meeting of the six-nation GCC states in Kuwait City. (AFP)
Updated 02 May 2017
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GCC finance ministers to explore unified VAT, selective taxation

RIYADH: Finance ministers from the six-nation Gulf Cooperation Council (GCC) will meet in Manama, Bahrain, on Thursday to explore a unified tax system, also known as VAT.
The Committee for the Financial and Economic Cooperation (Finance Ministers) of the GCC countries will hold their 106th meeting in Bahrain, according to Ahmed Al-Kaabi, a spokesman at the GCC General Secretariat.
“The meeting will discuss recommendations of the specialized technical committees on the application of the two unified agreements on the Value Added Tax (VAT) and selective taxation, which have been signed by the member countries,” Al-Kaabi said.
The meeting to be held by the committee will address recommendations submitted by the Committee of the Governors of the Monetary Agencies and Central Banks of the Gulf States on the linkage of the GCC payment systems, the recommendations of the Customs Union Authority on the completion of Customs Union’s requirements and recommendations of the joint GCC capital market committee.
Ministers will also look into the deepening of the economic integration between the GCC countries and uniformity of incentives provided to the private sector in the GCC countries, the official informed.
Meeting participants will discuss other recommendations submitted by technical committees from the committee of financial and economic cooperation and proposals offered by the GCC countries on the activation of economic cooperation and integration between the member states.
Al-Kaabi said that finance undersecretaries will hold a meeting in Manama on Wednesday, a day ahead of the ministerial meeting to set the agenda, whereas a preparatory ministerial committee of the GCC Commission for Economic and Developmental Affairs will hold its meeting in Manama on Tuesday.
The meeting will explore key issues related to joint GCC economic and developmental work, which were referred to the GCC Commission for Economic and Developmental Affairs.
Participants will also touch on issues notably steps taken by the office of the GCC Commission for Economic and Developmental Affairs on the development of the joint GCC work in economic and developmental areas up to 2025.
The committee also plans to explore proposals submitted by the GCC member countries and General Secretariat on the activation of economic integration between the member countries.


KSRelief chief presented with 2019 moderation award

Updated 19 September 2019

KSRelief chief presented with 2019 moderation award

MAKKAH: The general supervisor of the King Salman Humanitarian Aid and Relief Center (KSRelief), Dr. Abdullah Al-Rabeeah, has been named the winner of the 2019 moderation award.

Makkah Gov. Prince Khaled Al-Faisal made the announcement at a ceremony held on Wednesday in Jeddah.

The award, in its third year, is considered one of the most important in promoting the values of moderation and combating extremism, both internally and externally.

Al-Rabeeah has held 13 positions that contributed to his selection for the award, most notably minister of health, and pediatric surgery consultant, a role in which he performed 47 operations for conjoined twins from 20 countries.

The Saudi National Siamese Twins Separation Program is a global reference and one of Saudi Arabia’s most distinguished medical humanitarian initiatives worldwide.

In December 1990, Al-Rabeeah hit local and international headlines after making history in the Kingdom by performing complex surgery to separate the first conjoined Saudi twins at King Faisal Specialist Hospital and Research Center in Riyadh.

Dr. Abdullah Al-Rabeeah

The case of the conjoined Malaysian twins Ahmed and Mohammed was particularly demanding. The family of the two children appealed to the Kingdom’s government to conduct the separation operation, and Al-Rabeeah carried out successful surgery lasting 23.5 hours in September 2002, by royal request.

After taking over as general supervisor of KSRelief, Al-Rabeeah oversaw 176 projects in 37 countries, including key areas such as food security, health, water, sanitation, education, women, children, vaccination and shelter.

He also implemented the directives of King Salman, providing various humanitarian and relief programs and building partnerships and community support with other countries.

The center executed 1,050 projects in 44 countries in addition to 225 projects dedicated to women and 224 for children.